tag:blogger.com,1999:blog-5235138415013046381.post8315501193951019334..comments2023-10-25T07:29:40.789-02:30Comments on UNCLE GNARLEY: FORENSIC AUDITOR CONFIRMS NALCOR UNDERSTATED COST ESTIMATES FOR MUSKRATDes Sullivanhttp://www.blogger.com/profile/02566013585647491614noreply@blogger.comBlogger65125tag:blogger.com,1999:blog-5235138415013046381.post-5759269020569409322018-09-25T01:21:03.030-02:302018-09-25T01:21:03.030-02:30Listen to those words of wisdom DT1989... the real...Listen to those words of wisdom DT1989... the reality of this dire situation is that if you truly have the best interests of your young family at heart, you'll seriously consider relocating to another province in the next few years. <br /><br />Unfortunately this one will no longer provide any opportunities for its young people for the foreseeable future, thanks to the Williams/Dunderdale MRF fiasco, and the Ball/Osborne liberal gravy train that allowed the MRF disaster to unfold while simultaneously perpetuating the most hideously bloated public service in all of Canada by tax-gouging what's left of the middle class. <br /><br />This place won't be fit to live in a few years from now...Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5235138415013046381.post-47437935304379458392018-09-24T21:02:08.418-02:302018-09-24T21:02:08.418-02:30OMH here we go again
to start with I wouldn't...OMH here we go again<br />to start with I wouldn't characterize the Muskrat project as a chick, more like a crocodile <br />and this crocodile would have gone forth to bite us with or without the FLG.. Daniel "L'il Trump" Williams would have gone forward with the plan anyway.. the FLG only saved us a billion or so which is peanuts compared to $12.7 billion ("cost of doing business" L'il Trump).<br /><br />I realize that you are a millennial, or least you self-identified yourself as such, so I might need to give you history lessons.. L'il Trump tore down the Canadian flags cause he didn't get want he wanted.. he stiffed the FG with a $130 million NAFTA fine.. in one of the most astounding examples of cutting off one's nose to spite one's face, he started the ABC campaign with left NL with no cabinet representation.. so yes, as Emperor of NL (the lack of clothes would come later), he would have gone it alone<br /><br />but I'm suspicious of your millennial cred.. as you seem to be using the oldest arrow in the NL nativist quiver, that of not accepting responsibility for your actions and concocting a ludicrous conspiracy theory<br /><br />anyway the real problem is that MF has become a hot potato that no one wishes to catch.. who will pay<br />Not me say the millennials, we are lily-white, we had nothing to do with this old man's boondoggle<br />Not me say UG, Average Joe Blowhard and you, we had nothing to do with it, it's all FG-Emera-Quebec's fault, we was robbed<br />Not me say the Ball Liberals, the taxpayers aren't paying and the ratepayers aren't paying, the PUB will find a magical cure<br />Not me say the Crosbie PC's, that was another time, let the PUB find that magic cure<br /><br />But here's a newsflash!!!! The bankers and bond-holders don't give a SHIT and they will be repaid and repaid again. And if your think the other 36.5 million Canadians are gonna be happy to be on the hook for the gambled potential of 500,000, as you put it "politically illiterate" people, then I suggest you wait till October to buy some marijuana.<br /><br />The longer we toss that potato, hunt for conspirators, deny our debt; the bigger it gets. That drip drip drip you hear is your money flowing into a bond-holder's wallet. Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5235138415013046381.post-39469557509424359832018-09-24T17:20:16.145-02:302018-09-24T17:20:16.145-02:30"In my comment "I get swindled and I hav..."In my comment "I get swindled and I have to pay for the swindlers losses????", I was referring to the suggestion by some that Federal Government was complicit in the boondoggle because they used Nalcor's facts and figures"<br /><br />That's what makes them complicit in the scheme man - when a project is sent to the Feds for review, I don't think it would be an unreasonable expectation for them to actually review the information to make sure its sound and in the best interests of the people they represent. Their failure to do so makes them just as responsible for this mess as Nalcor and NLGov. <br /><br />To refer to it as being "swindled", you imply that there is no way they could have known better - but that isn't the case. Any competent government would have done their own assessment, not just swallow what was given to them by the proponents of the project - which is negligent on their part.<br /><br />Nalcor incompetence does not forgive Federal negligence. When you dismiss the theory that there was some deliberate political wrong-doing on the Harper Gov's behalf, you appear to support the idea that NLGov/Nalcor tricked the Feds. I'm no fan of Harper, but he's not an idiot. It's one thing to dupe a politically illiterate electorate, but do you honestly believe that a man of Harpers caliber was "swindled" by the likes of Danny Williams and Ed Martin and the rest of the court jesters? Harper was every bit aware the well was poisoned yet he offered the FLG to encourage Nalcor to keep drawing the water. The scheme may have been conceived and hatched in NL, but the nurturing came in the form of a federal loan guarantee, because without it the chick would have starved to death before taking its first steps.DT1989noreply@blogger.comtag:blogger.com,1999:blog-5235138415013046381.post-6062260569246231182018-09-24T17:04:06.564-02:302018-09-24T17:04:06.564-02:30I speculate destruction of files and emails alread...I speculate destruction of files and emails already done, but maybe Leblanc has this? DoubtfulAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-5235138415013046381.post-7903018238797531382018-09-24T15:21:30.977-02:302018-09-24T15:21:30.977-02:30Whew.. that's a lot of steam
In my comment &qu...Whew.. that's a lot of steam<br />In my comment "I get swindled and I have to pay for the swindlers losses????", I was referring to the suggestion by some that Federal Government was complicit in the boondoggle because they used Nalcor's facts and figures (which the inquiry seem to be showing were pulled out of their ass). <br /><br />So you were too young to vote, I suggest that you ask your mom and dad and other relatives how they voted, where they stood. At one time the NL masses were so juiced up about Muskrat Falls that L'il Trump's approval ratings were in nosebleed territory (after Ray Guy).<br /><br />So I never voted for the party of L'il Trump either. Does that mean that I should get free electricity as well? <br /><br />Like it or not, if you live here you will have to pay, and pay big time for all the "old farts' " mistakes. It sucks. But if you wish to get angry, do that with the people who made the mess and the people who can't come to grips with the problem and kick down it the road for perhaps your kids.<br /><br />No WaldoAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-5235138415013046381.post-7708651997708740902018-09-24T13:30:20.582-02:302018-09-24T13:30:20.582-02:30"I get swindled and I have to pay for the swi..."I get swindled and I have to pay for the swindlers losses????"<br /><br />As someone who was too young to vote during the 2000's elections, and most certainly didn't vote PC/Liberals during the 2010's, and is now currently a rate payer, that is exactly the position I find myself in. The Swindled, paying for the Swindler's mistakes/corruption/idiocy (take your pick), yet I still have to pay for it? Perhaps I should refuse, and my young family and I will live in the dark for the next 50 years.<br /><br />Listen, I don't care which people in positions of power from NLGov or the Feds are to blame for this mess, as long as I don't have to pay for it, and they are held accountable, because through all the fog surrounding this boondoggle, the only person I can say with certainty know who ISN'T responsible is ME.<br /><br />I don't want to see this as one more example of elitist a**holes making a**hole decisions that end up causing the average joe undue hardship and get off scot free. Come out from behind your a**hole anon veil and tell me that I, a citizen who had nothing to do with any of this mess, deserve to bear this burden for what should be the best years of my life while the people who ARE responsible are likely dead, and hopefully forgotten. I'm not the one who "made shit up", as you so eloquently state in your OP, yet you seem fine with throwing me into the fire with those who did - an easy a**hole statement to make when no-one knows (and perhaps cares) who you are.DT1989noreply@blogger.comtag:blogger.com,1999:blog-5235138415013046381.post-74215813961428680502018-09-24T11:03:42.313-02:302018-09-24T11:03:42.313-02:30I hope that the contract files have been made secu...I hope that the contract files have been made secure. Protect the data. Who is in control? Does the Commissioner have the authority and has this already been done?Robert G Holmeshttps://www.blogger.com/profile/05356463540446993862noreply@blogger.comtag:blogger.com,1999:blog-5235138415013046381.post-73242543096159519392018-09-24T08:35:36.445-02:302018-09-24T08:35:36.445-02:30One could call it the inquiry board but not the sa...One could call it the inquiry board but not the sanction board.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5235138415013046381.post-26350499774998409852018-09-23T21:32:06.421-02:302018-09-23T21:32:06.421-02:30For those that say bring in the RCMP: GT contracts...For those that say bring in the RCMP: GT contracts says that if they uncover criminal activity they report it to the Commissioner of the Inquiry, but secretly, and then up to Leblanc what is done with that information.I would speculate sealed for 75 years or maybe not, maybe other know better. What happened to the David Day report as to Mount Cashel?<br />WAAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-5235138415013046381.post-48934242834505231062018-09-23T19:04:57.004-02:302018-09-23T19:04:57.004-02:30Anon @ 16:16
No, I didn't know that.That past ...Anon @ 16:16<br />No, I didn't know that.That past directors lacked technical knowledge, it could be beneficial, so, can't say much on that, but always a concern of politics at play.<br /> <br />For me, gob smacked by the Inquiry testimony,I am now half through the actual GT 80 page report. My feelings: Christ may forgive this croud of supposedly world class experts, but many and likely most of our citizens never will. The trail of imprudent decisions are so numerous it can only be due to stupidity, indifference,or corruption.<br />WAAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-5235138415013046381.post-55671955978247106322018-09-23T18:36:28.735-02:302018-09-23T18:36:28.735-02:30Winston: I have never suggested that Newfoundlande...Winston: I have never suggested that Newfoundlanders should abandon the island of Newfoundland ("The Rock"), as you write: I have claimed that the impact of increased taxes or increased power costs (or some mix of the two), as a result of Muskrat Falls, will accelerate the demographic decline of NL, leading to a potential feedback loop whereby the accelerated greying of the population of NL will lead to its economic problems becoming more intractable, thus causing the emigration of the young and the educated to accelerate, ultimately leading to the depopulation of NL. An outcome which I would find *sad and highly undesirable*, rest assured (Is that clear enough?), and I hope the inhabitants of NL will find a way to prevent this from happening. Etiennenoreply@blogger.comtag:blogger.com,1999:blog-5235138415013046381.post-5296059916442662432018-09-23T16:16:31.655-02:302018-09-23T16:16:31.655-02:30WA, You are not just a little suspicious of the fa...WA, You are not just a little suspicious of the fact that John Mallam was recently appointed to the bored of directors of Nalcor by the independent liberal appointments commission? Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5235138415013046381.post-80601087541489310922018-09-23T16:04:27.320-02:302018-09-23T16:04:27.320-02:30As a member of the concerned citizens, I would sug...As a member of the concerned citizens, I would suggest the following;<br />Listen and learn, by all means, the General Inquiry, as well as the political rhetoric.<br />Hold the view that given the way politics plays out nowadays, (Elsewhere as well as NL), we must realize that politics does little in the facilitating or practice of Democracy.<br />Which leaves us with the available tools of dissent, critical debate, and legal action.<br />We seem to be doing OK with the first two, but need now to consider the third option.<br />The feeling now, following the Grant Thornton findings, is that there are grounds for class action against perpetrators of fraud. I leave this for the MFCCC and its legal advisors to consider at this time. There is no will for the elected representatives to act, and it is apparent that RCMP crime division cannot be relied upon to "run the gauntlet" on its own.Robert G Holmeshttps://www.blogger.com/profile/05356463540446993862noreply@blogger.comtag:blogger.com,1999:blog-5235138415013046381.post-55681261332324824732018-09-23T13:04:49.754-02:302018-09-23T13:04:49.754-02:30Many thanks to Mr. Todd Lee of Deer Lake for expos...Many thanks to Mr. Todd Lee of Deer Lake for exposing yet another steaming pie of the Ball/Osborne-liberal bullshit and it's reckless determination to maintain the most hideously bloated public service in all of Canada by focusing increased taxation on the middle class...<br /><br />http://www.thetelegram.com/opinion/letter-to-the-editor/letter-crunching-the-nl-deficit-numbers-243814/<br /><br />Note also that as of Sept 6 2018, these bloody connivers have discontinued posting financial statements on the government website, the polar opposite of the truth-challenged Ball's commitment to running "an open, transparent" government, and doubt to enable the continued bullshit story they're purveying to cover up their ongoing mismanagement of NL's horrendous deficit.<br /><br />RESIGN!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5235138415013046381.post-3087268844140807102018-09-23T12:18:07.839-02:302018-09-23T12:18:07.839-02:30THE WITNESSES:
WE see that GT and Stan had to trav...THE WITNESSES:<br />WE see that GT and Stan had to travel to Goose Bay to be heard for a few days at the scene of the crime, and to get the tour.<br /> But then the Inquiry returns to Beothic territory headquarters, the Beothic Building in St John's for Oct 1. AS Danny could not find time to travel to Goose Bay, and risk being scalped there, the mountain came to Mohammed, that he might explain his vision and our heritage investment of MFs, on Oct 1st and 2nd. Now if that was Joey, it would be duck soup, as he would just repeat his vision over and over and over, and not get mad. But Danny is already threatening lawsuits here and there, having gone after Bruno long ago, and now aiming for Ron Penny. Will he be so bold as threaten Leblanc if he does not bow to Danny?<br /> But then on the 3rd and 4th, First Nation leaders must travel to the Beothic headquarters. Prote Poker I once met,in the 1980s, he an Innu and suffered the living of Davis Inlet, during the height of the gas sniffing. I think from him I learned that my father was given an Indian name: Kanimist, (meaning The Dancer, though we was a Master Mariner), in the late 1930s. And Todd Russell appears too that same day, so that may be tense for Leblanc, to avoid land claims issues.<br />On Oct 5 we have Stephen Bruneau,the lone brave MUN engineer, who advocated for gas to fed Holyrood as much cheaper than MFs, so out of step with Locke's vision.<br />On Oct 9 we have 2 doctors appear, from MUN. Locke and Feehan, both economists. Locke had the foolish plan, Feehan the wiser plan. But the foolish plan prevailed, and we must learn why. Locke ignore elasticity. Feehan saw the light on that in 2018. Vardy preached it constantly, and was ridiculed by Stan in public an being of a no importance. How could Stan be so smart while being so stun? Locke too might risk scalping if he appeared in Labrador. As readers know, I and Ex Military from Quebec are doing our best to discourage that practise.<br /> After that our heroes appear, Ron Penny and Dave Vardy, assuming Danny allows Ron to speak. Ron and Dave is with the Concerned Citizens, all 200 of us including AJ blow, but but soon will represent most all AJs, many thousands.<br /> On Oct 15 and 16 we get to see a whole array of the Nalcor scroundrels, except John Mallam somehow lumped in( a very competent mechanical engineer, who I had known)<br /> Oct 25 : Andy Wells and Fred Martin ( Martin a very competent electrical engineer, who I had known and worked with in the 1970s). Andy will not disappoint and be boring, we know.<br /> Oct 18 and 18, more of GT the auditor<br /> Jerome Kennedy for 1 day on Nov 19. He might shout back at Kate, or even Leblanc, being a bit of a crackie.<br /> And the best for last: Gilbert Bennett for 4 days , no less, after Kennedy. Guess he has a lot of explaining to do, over 4 days. First they must find him, long under the cone of silence since Stan took charge. I speculate that Gil knows where all the bodies are buried. So will he flip, like Cohen, Trumps fixer? But I expect too much. There, in the US of A, they have Mueller, here only Kate and Leblanc, and no crimes to be uncovered here, hey b'ys. But should be riveting, as to where did 12.7 billion go?<br />WA <br /> Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5235138415013046381.post-34868747719094535272018-09-23T10:38:58.578-02:302018-09-23T10:38:58.578-02:30You cover most all Joe,that we needed a little bit...You cover most all Joe,that we needed a little bit of power, as we were already 85% green from our island hydro. During winter cold snaps, those god damn baseboard heaters, which are actually banned in some progressive countries, first used here by Coaker in his cottage in 1917, here they make us only 70% green, but for only about 10 days during cold snaps. Then we are burning oil, sending up more smoke than the Kyle, maybe 3 days of the winter, hitting 18,000 barrels a day of dirty fossil fuel, spewing toxins and GHS (which is OK says Heracles, who seems he denies this an environmental problem). So Jerome Kennedy, who is on the witness list, and will get to squirm, made much of this 18,000 bbls a day, as if we were doing this every day. Vision 2041 blog debunked that myth.<br /> So, for a minor engineering problem, to go from 85% green to 98%, they spend 12.7 billion, and risk to bankrupt the province. Is treason any worse a crime?<br /> So this combination, as you say, of more island small hydro, and a reasonable amount of wind (we having one the best wind average speeds in the world),and then conservation and energy efficiency. You missed only one thing Joe, we include also DSM (Demand Side Management) which most jurisdictions do, and enforce power companies to do it, by DIRECTIVES form the government minister. They say in writing " Reduce your peak demand in winter by so and so Megawatts, or you are fined big time". And the power companies snap to attention, and say "Yes sir, that will be achieved this year, and we will do more next year, as we know you want that.<br /> DSM is achieved by customer EE (energy efficiency, which there are many measures, hps , insulation, better windows, air sealing, better housing standards etc), and even time shifting if needed, incentives for better rates at off peak times.<br /> And so Holyrood use is trottled down , and then not needed except for emergency standby, or a little gas turbine for this purpose.Nothing magic there.<br /> Now Joe, many good local engineers would know this, but are silenced, and MUN engineers and profs bribed with consulting work to look away from common sense approach. And Wade Locke the kingpin for mega project, and he moonlighting, consulting on the side, is he not? Did Ed Hollett say $700,000 he hauled in, maybe someone knows the number?<br />You call them scroundrels, I call them scallywags too. Like the <br />4 legged masked bandits that Nlfd Power ads shows stealing our energy, but here they are 2 legged one, and not speaking French, stealing our future, destroying our whole economy, and making Heracles jump for joy. Heracles like a jumping frog, yelling "You need to be hurt, big time, and HQ can take all of CFs now to save your ass from default" <br /> So how to control our rage, Joe, against our enemy within, is worse than a few outside bad neigbours. There must be exposure of the rot here, and justice. But can Leblanc, led by Kate deliver this? We need the style and stern attitude of the Inquiry against the mafia type in the construction industry in Quebec, this woman judge who kicked ass. We can learn much from Quebec in better governance.<br />It can make your blood boil like John Efford says. It can drive you to drink, or worse,smoke the wacky backy. But not abondon the Rock, as Etienne suggests. So much rests with David, Ron, and Des, and their legal beagle. <br />WAAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-5235138415013046381.post-36873138055449537372018-09-23T09:08:11.269-02:302018-09-23T09:08:11.269-02:30So what has changed with the GT report, nothing re...So what has changed with the GT report, nothing really, just confirmation of what a lot of people already knew and others suspected. "They cooked the books." They deflated the true cost of the inter grated Island option, and inflated the true cost of the isolated island option, as their objective was to show that the integrated island option was the "least cost option". We all know that was their basis for sanction. Then there is the question to be answered "did we need the power". And we also know that the answer is no, we did not need the 800 mgw of power. The little bit of power we needed was easily available from smal hydro and wind on the island. And every study that was ever done showed it was uneconomical to develop lower Churchill for use on the island. As I have said many times before where else in the world does such a big island with such a small population and very little heavy industry get as much wind and rain as we do? The answer is nowhere. It's as simple as if we were short of water on the Avalon, why go all the way to Labrador, 1100 km, to get it when we have lots of water and wind in all parts of the island. And not to mention we had power in central and the third line to bring from B'despoir. that we were not even using. Plus if we follow Winstons plans, which he has explained a thousand times, heat pumps and a little conservation, we could even shut down holyrood in a few years. So if the scoundrels, did not have alterial motives, we would not have been in this boondoggle mess. Now, I know the scroundrels will have their day on the stand, and will twist and spin and lie in every direction they can, but it will not change the facts, that we did not need the power, and muskrat was not the least cost option, says Joe blow, average Joe, AJ.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5235138415013046381.post-85762877912541354112018-09-22T22:27:29.321-02:302018-09-22T22:27:29.321-02:30Parties are posted, some are defined as limited, N...Parties are posted, some are defined as limited, Nfld Power is defined as SPECIAL, but not explained further.<br />WAAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-5235138415013046381.post-83020693116322293642018-09-22T22:20:16.804-02:302018-09-22T22:20:16.804-02:30GT, who did the audit,has a report on elasticity, ...GT, who did the audit,has a report on elasticity, Exhibit 00108, 21 pages.<br /> Page 3 shows a typical chart showing elastic vs inelastic. Page 5 show one more typical as to its effect for electricity usage: price per kwh vs consumption.<br /> If there is a small price change then it is inelastic, but if a large price increase in rates, then the consumption can drop significant. The factors used in Nfld has typical been o.2, due to small increases in the past.<br /> Page 16 and 18 gives more data from international studies:<br />1.Common ranges for electrical systems can be from o.1 to 0.6<br />2.Where air conditioning is much used,it can be 0.6, and for electric space heat(baseboard heaters) this jumps to as high as 1.0<br />3 Where gas is used as a substitute for electricity, the number is 0.83, but some studies show as high as 1.2<br />4. For where household income is high, there is a tendency to substitute to more price inelastic use. In the long run, o.6 to 1.0 is the factor as customers use more efficient appliances. (Heat pumps for space heating would be significant as to elasticity changes, and power use reduction).<br />5. elasticity factor even 0.3 is high enough to defer enough demand to save a substantial amount in avoiding costs (page18)<br /><br /> While not mentioned here, I believe HQ has done studies to show greater than 1.0 effect, where gas is available as an alternate to baseboard heat.<br /> These are numbers that may suggest even worse decline of power use to switch from baseboard heat ,than Fehan suggests. So for space heat, as high as 1.0, if for wood or gas as substitutes, or 0.6 if for heatpumps, as they use electricity. <br /> Feehan uses as assumption of 0.4 which may imply overall residential , not just space heat.<br /><br /> Such considerations for the residential sector would fall under Nfld Power, a Fortis company. <br /> So why was this not considered a factor for forecasting, to drive down power demand in MFs analysis? And why not Nfld Power a party to the Inquiry, to take or answer questions on that, or maybe they are?<br /><br />Winston Adams<br /><br /> Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5235138415013046381.post-12696693084230169022018-09-22T19:34:33.869-02:302018-09-22T19:34:33.869-02:30MORE ON POOR KATE
Friday afternoon I awaited for h...MORE ON POOR KATE<br />Friday afternoon I awaited for her to "collect her thoughts" and return, but soon my screen said the Inquiry was over for the day. Well it was Friday after all, and a rough day for Kate and others, but not for Teflon Edmond Martin. He showed no distress, confident that GT said much in his favour, and indeed they did. Probably 3 to 1 did David of GT say Nalco was "not inconsistent with acceptable practises". If that continues, on the balance of probabilities, (more than 50 %) of the time they did just fine, so no big deal with the 1/3 they got wrong.<br /> Consider that the effect of "elasticity was avoided" as to analysis, This was mentioned, but glossed over by Kate. Why? Even GT said little,<br />Winston<br />Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5235138415013046381.post-30146538650898734992018-09-22T17:52:14.547-02:302018-09-22T17:52:14.547-02:30Right on anon 13:36, well put. Right on anon 13:36, well put. Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5235138415013046381.post-21481629227549805302018-09-22T17:09:38.568-02:302018-09-22T17:09:38.568-02:30Notwithstanding the anti-QC brainwashing obviously...Notwithstanding the anti-QC brainwashing obviously afflicting anon 16:30, Better HQ run the bloody thing than those effing "world-class" culprits at Nalcor. At least it would be run efficiently and competently, without those goddamed low-balling Nalcor bastards involved in it.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5235138415013046381.post-78577742586248332162018-09-22T15:11:46.727-02:302018-09-22T15:11:46.727-02:30Public uproar is the only way to initiate a crimin...Public uproar is the only way to initiate a criminal investigation. The Grant Thornton report practically begs for action while trying to remain neutral. Public uproar can only come when brave media comes on board.<br />Wouldn't it be nice for W5 and/or The 5th Estate got a copy of the report!<br />MF reeks to the high heavens and everyone knows the players involved. This "you scratch my back and I'll scratch yours" mentality has to stop and the only way it will stop is if a criminal investigation commences. The RCMP shouldn't be waiting for public uproar. The GT report practically demands it.Waynenoreply@blogger.comtag:blogger.com,1999:blog-5235138415013046381.post-29969694145399581622018-09-22T14:44:52.506-02:302018-09-22T14:44:52.506-02:30The Grant Thornton report is worth reading and sic...The Grant Thornton report is worth reading and sickening. They have to be careful with language since they are not to lay blame, but it is blatantly obvious that the justification for and cost of Muskrat Falls based in lies and even final reports were modified last minute to make things look better. So many inputs were bogus: population growth up forever, people don't turn down the thermostat no matter what the cost, proposing dates that had a 1% chance of happening, purposely removing the cost of risk that is 100% certain, pretending that demand reduction wouldn't work, etc. There are literally of dozens of absurdities that individually might be due to incompetence, but collectively, reek of organized crime. Many people were complicit in this. Lies and deceit were everywhere.<br /><br />Here is a great quote: "Validation Estimating noted that “something is very wrong, it’s driven by the management – what they want. If they had $300 million contingency that should have been a billion."<br /><br />On top of that, Ed Martin was gifted $1.2 million when he should have been fired with cause. Several politicians had conflicts of interest.<br /><br />A criminal investigation is warranted.<br /><br />https://www.muskratfallsinquiry.ca/files/P-00014.pdf << report is here Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5235138415013046381.post-73741397775409819192018-09-22T13:36:17.686-02:302018-09-22T13:36:17.686-02:30Anon 9:07
And how conveniently you ignore that the...Anon 9:07<br />And how conveniently you ignore that the whole Muskrat madness scheme arose from the febrile imagination our own L’il Trump and his sycophants so that he could leave a legacy of sticking it to Québec. And how these same people cooked and stewed the scheme. In your willful blindness, you cannot accept that the whole scheme was conceived, hatched and nurtured in NL. To suggest that the East Block was involved in creating the monster goes beyond even Greg Malonesque conspiracy theories.<br />As to the JRP, didn’t the “world-class” experts at Nalcor and their “world-class” experts at Manitoba Hydro dispute the JRP? So there were two narratives out there, including one from the sovereign province of NL.<br />But let’s get to the FLG. It is what it is, a loan guarantee. The FG says to lenders that we guarantee that 1) the province of NL has the assets to cover the loan; it doesn’t say, we will cover cost overruns, and 2) if NL defaults on the loan then we will cover that, but only after all Nalcor (and NL) assets are sold off and they are the edge of bankruptcy. The only time the FG assumes any financial burden is when we are completely broke. Which will mean no UC, no offshore royalties, nadda, plus we will be in receivership. At no point does the FG state that they have any skin in this game except to become our overlords. <br /><br />Blaming others for your mistakes along with kicking the can down the road as the Ball zombie government is doing, are the actions of the immature. Our financial apocalypse post 2019 elections is only gonna be even more dire if we don’t start to come to grips with our own culpability. You better get down on your knees and pray that post-2019 the Liberals are still in power nationally, rather than the party of Ford-Kenney-Scheer, cause they won’t have any mercy for your “we was robbed” sob story.<br />Anonymousnoreply@blogger.com